800.51W89 Finland/71

Memorandum by the Acting Secretary of State

The Finnish Minister came in this afternoon. He said that it was just a call to inquire specifically as to whether the December 15th payment by Finland was to be according to the old Debt Funding Agreement or whether it could be paid under the new arrangement which was now being considered. I said in reply that it would be very much better for his Government to pay according to the old schedule, that the terms of the new agreement still had to be discussed with the President, and we could not say precisely when the President would be able to reach a decision. The Minister agreed entirely, said that he would cable his Government accordingly, and that he felt confident it would take the same viewpoint.

William Phillips